Banyan Appraisals, Inc.

To contact us:

Phone: 561-422-8132

Fax: 561-422-8951

Orders@BanyanAppraisals.com

If you are planning to sell your home, it might be a wise decision to make a small investment in a professional appraisal. Unless you study real estate values on a day to day basis, like a professional appraiser does, it's difficult for you to get a handle on real estate values. 

SELLING YOUR HOME FSBO
More and more homeowners today are choosing to sell their homes FSBO (For Sale By Owner) and foregoing the help of a real estate agent.  Selling your home by this method can end up saving you a potential “hefty” commission (industry average is 5-7% of the home’s selling price).  Plus many FSBO sellers feel that they have more control in the process of selling their home since they’re in essence making all the rules.  But selling your home on your own will require a significant amount of "homework" if you're going to do it right.  One piece of advice that is consistently given by the experts in selling your home FSBO....Do NOT "Overprice" Your Home! It's very hard to be objective about your own home because of your emotional attachment to it.  A professional appraiser is objective and will tell you what you need to know, not just what you want to hear.

PRE-LISTING APPRAISAL
If you’re working with a real estate agent to list your property, more than likely  they’ll provide you with a Comparative Market Analysis (CMA) that lists selected sales in your area as one of the first steps in determining what to set as the “Listing Price".  This step is vital if you're going to maximize your profit and minimize listing time on the market.

 But even if you're working with the most experienced real estate agent, it's probably in your best interest to have an "objective" third-party's opinion of value prior to signing a Listing Agreement.  And that’s where we come in.  We can provide you with a pre-listing appraisal so both you and your agent have an accurate description of your home's features and a detailed analysis of the most recent and similar "comparable sales" or as they're commonly called, "Comps".  In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal can:

· Make you aware of problems and eliminate last-minute repair hassles that might delay a closing

· Be a valuable negotiating tool once you have a potential buyer

· Possibly eliminate the wait for the buyer or their mortgage company to get the appraisal done on their own.

 

Many people are surprised when they find out what the market value of their home is;  Often an  individual will find their property to be worth substantially more than they believed.  Investing in a professional appraisal allowed these people to realize a higher return on their investment than they thought they would when their home was sold.   Others have an inflated opinion of their home's value and an appraisal helped them to realistically price their home in order for it to sell.  An overpriced home will not attract buyers, which means no offers and no closing and that you have wasted valuable time, money, and efforts.

CONSULTING
In addition to knowing how much to sell your home for, you may want to consider a consultation to discuss any other options that may help improve or raise the value of your home.  A kitchen remodel may improve the home’s appeal to a potential buyer but it may not add enough value to justify the expense.  Consulting with an appraiser on the potential return of improvements can save you added headaches and disappointment.

As an independent appraiser, we have no vested interest in your property allowing us to help you make the best decision on investing in your home.